USD / Chinese Yuan weekly chart - bear flag projecting to 6.11435 support. Look for short opportunities. Probability L (Low)
Comments
IvanLabrie
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Looks good.
LEONES
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yes very interesting!
LEONES
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it's low risk trade, I'll probably trade this one even before the breakout..
IvanLabrie
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I'd sell if it hits 6.19686 this week.
Your target looks good, I'd aim for 6.11598 with a stop at 6.20731.
It's a shame I can't trade this pair, great setup.
I just spotted this, let me know what you think:
IvanLabrie
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(yours is at least an 8:1 trade!)
LEONES
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I had i look, I'm not sure about this one, it seems a strong bull trend ready to resume
IvanLabrie
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Trust me, if it breaks down and hits that price this week, it'll fall.
IvanLabrie
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(usdcnh at least)
LEONES
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usdcnh is a great pattern - your entry is safe but I'll probably anticipate, looks good to short even now. Above 6.2285 the stop
IvanLabrie
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I demand that confirmation for entry, in this kind of setup probability is really high with my parameters.
Might work now as well, but I don't have a clear stop loss location before the move begins.